Assuring lending support to non-banking financial companies, SBI Chairman Rajnish Kumar Sunday said there was no concern on liquidity of such firms, amid ongoing debt crisis in IL&FS Group. Shares of housing finance companies came under sudden heavy selling pressure Friday as investors raised concerns over rising cost of borrowing for the companies amid crisis at IL&FS. Experts attributed the fall in NBFCs' scrips to tightness in money market and a lack of clarity on IL&FS exposure. "Some comments are being attributed to SBI about the Bank being wary of lending to NBFCs. The rumours are baseless. SBI lends support to NBFCs in private and public sector within the regulatory policy framework and will continue to do so," Kumar said in a statement. In fact, the recent regulatory guidelines on the co-lending model opens up further opportunities for collaboration between SBI and non-deposit taking NBFCs to increase lending to priority sectors, he added. "There is no concern on ..
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